St James’s Place is set to re-enter the FTSE 100 after having to exit the UK index only six months ago.
The UK headquartered wealth manager with an international presence in the Middle East and Asia is expected to join the index when it is rebalanced on 4 December after an indicative quarterly review published on Tuesday (November 26) by the London Stock Exchange.
In its indicative quarterly review published on Tuesday (November 26), the London Stock Exchange said SJP could be readmitted to the FTSE 100 on December 4.
With £184.4bn in assets, SJP’s share price has rise more than 70% in the past six months after its relegation to the FTSE 250 on 4 June.
Only days before, on 30 May St James’s Place had marked its first year in the Middle East against the backdrop of its shares plunging by 57% over the past year.
